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Intel to Lay Off 1,000 Managers,
Citing Drag on Decision Making

Intel Corp., acknowledging that its management structure had become bloated, said it is laying off 1,000 managers as a result of a previously announced internal study to improve efficiency.

The cuts by the giant chip maker, which had about 103,000 employees at the end of March, come amid stiffening competition that is taking its toll on both Intel and rival Advanced Micro Devices Inc. Intel has been struggling to match the performance of AMD chips, although some makers of high-end personal computers are discussing test...